EquityBuild Acquires Property From Cedar Street For $3.2M With Seller's Reps Adam Saxon And Brian DiBasilio
SOLD
$3,200,000
Illinois
See Similar DealsMultiFamily
SOLD
EquityBuild Acquires Property From Cedar Street For $3.2M With Seller's Reps Adam Saxon And Brian DiBasilio
5001 S Drexel BLVD, Chicago, IL, 60615
See Similar DealsMultiFamily
Summary
ILLINOIS
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this transaction is a multifamily building located at 5001 S Drexel Blvd, Chicago, IL, within the Chicago market. The total transaction amount for this asset is $3,200,000.00 and it encompasses a total square footage of 0.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000.00
- Address: 5001 S Drexel BLVD, Chicago, IL, 60615
- Market: Chicago
- Seller: Cedar Street
- Buyer: EquityBuild
- Seller's Representatives: Adam Saxon - Interra Realty, Brian DiBasilio - Triad Real Estate Partners
This transaction was represented by Adam Saxon from Interra Realty and Brian DiBasilio from Triad Real Estate Partners as the seller's representatives. The buyer, EquityBuild, completed the acquisition as part of its investment strategy, while the sellers were Cedar Street.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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